Posted 13 days ago
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**GBM - Securities, Prime Services Futures and Clearing Risk Associate, New York, NY** - **Responsibilities:** Risk analysis, margin methodologies, daily risk management, stakeholder collaboration, project enhancement, client engagement, market research. - **Required Skills:** Advanced quantitative degree preferred, strong analytics, listed derivatives knowledge, market awareness, programming language/SQL familiarity, excellent communication. - **Experience:** Associate level, institutional fund management, trading or risk management experience a plus. - **Benefits:** Competitive salary ($150k-$300k), discretionary bonus, comprehensive health plans, vacation policies, financial wellness support, health services, fitness reimbursement, child care, and more.
- Compensation
- $150,000 – $300,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
RESPONSIBILITIES AND QUALIFICATIONS
JOB SUMMARY & RESPONSIBILITIES
Members of the Prime Services Futures and Clearing Risk team assess, monitor and manage the market risk of multi-asset portfolios in the listed markets on both an intraday and overnight risk basis. Our client base includes large institutional fund managers, hedge funds, CTAs, market makers and broker dealers. We are staffed globally with offices in New York, Chicago, London, Hong Kong and Bengaluru. The team partners with multiple divisions under the Prime Services umbrella including: Sales, Client Service, Credit, Compliance, Legal, Operations and Technology to deliver a best in class risk management platform that enables the business to compete and thrive in a sustainable way. The interaction with numerous departments, clients and the diverse projects that ensue allow for a challenging, multi-dimensional and rewarding work environment.
Currently we are seeking an Associate level candidate to join the Futures and Clearing Risk team in the New York office. A successful candidate would be expected to:
- Perform risk analysis and deep dives into global multi-asset portfolios to assess market and liquidity risks
- Master risk based margin methodologies and process
- Master the intraday risk management platform and process
- Work with key stakeholders to enhance existing risk management platforms and margin offering
- Validate and support daily risk management reports and margin calls
- Engage in innovative research tasks for the team and senior management
- Explain margin methodologies and the risk management process on sales calls with prospective and existing clients
- Engage with CCPs and advocate for improvements to margin methodologies and
- Work closely and effectively with Technology, Strats, Operations, Credit and Sales teams on implementation and deployment of enhancements to margin methodology, process and policy
- Supervise desk analysts and associates and help with training and knowledge transfer
Required Skills and Qualifications
- Strong quantitative and analytical skills required. An advanced degree in a quantitative discipline preferred.
- Listed derivatives knowledge required. Experience with the commodities markets preferred. Previous trading or risk management experience a plus.
- Knowledge of CCPs and their margin methodologies.
- Demonstrated interest and knowledge of markets and ability to assess impact of macro trends on client portfolios.
- Strong writing, presentation and communication skills.
- Ability to handle multiple projects and deliverables concurrently.
- Functional knowledge of at least one programming language and SQL is beneficial.
Salary Range
The expected base salary for this New York, NY, United States-based position is $150000-$300000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
